On June 29, T-Mobile US declined 3.45% in regular trading, trading at $175.72/share, with turnover of $98.54 million. The stock came under pressure as SpaceX acquisition speculation intensified ownership concerns.

TD Cowen recently published a research note indicating SpaceX could potentially spend approximately $320 billion to acquire T-Mobile, aiming to transform Starlink into a super-connectivity platform integrating broadband, mobile, and satellite networks. The analyst highlighted T-Mobile as SpaceX's best acquisition target given their existing direct-to-cell partnership, but emphasized extreme execution difficulty — parent Deutsche Telekom views T-Mobile as its core cash cow and has itself been exploring a full combination. Adding to downward pressure, UBS recently slashed its price target on T-Mobile from $300 to $255 while maintaining a Buy rating. Separately, SpaceX has told investors it is considering launching a Starlink retail mobile service for US consumers, which would put it in direct competition with T-Mobile and peers.

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